Cave Junction, OR—97523
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cave Junction, OR
As of Oct '25, the median home price in Cave Junction, OR is $293,000, with a year-over-year change of -1.3%. This indicates that home prices in Cave Junction, OR are decreasing. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | -1.3% |
| Single Family | $293,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $250,000 | -2.3% |
3 Bed | $332,000 | -1.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cave Junction, OR
As of July '25, Rentcast reports the average rent in Cave Junction, OR is $1,200, with a year-over-year rent change of -20.0%. Per bedroom, the median rent as of July '25 in Cave Junction, OR is 1-bedrooms: $600, 2-bedrooms: $1,500. The most common rental property sizes in Cave Junction, OR are 2-bedroom and 1-bedroom, accounting for 45.0% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $600 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cave Junction, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Cave Junction, OR is 97. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | -1.0% |
Listing Count | 63 | 6.0% |
| Listings as % of Homes | 1.5% | 6.0% |
Days on Market | 97 | -6.0% |
Demographics — Cave Junction, OR
As of the latest ACS Survey released in 2023, Cave Junction, OR has a population of 7,160, which has increased by 28.2% over the past 5 years. Cave Junction, OR is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,160 | 28.2% |
% Under 18 | 21.3% | 38.3% |
% Seniors | 28.0% | -7.0% |
% WFH | 15.6% | 0.6% |
% w/ College Degree | 18.2% | 34.8% |
As of the latest ACS Survey released in 2023, Cave Junction, OR is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Cave Junction, OR is hispanic, making up 4.2% of the population. Foreign-born residents account for 5.2% of the population in Cave Junction, OR, and this percentage has increased by 79.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.5% | -4.3% |
% Black | 1.4% | 133.3% |
% Hispanic | 4.2% | 40.0% |
% Asian | 0.2% | -86.7% |
% Foreign Born | 5.2% | 79.3% |
Mortgage and Risk — Cave Junction, OR
According to HUD data as of 2023, there were 115 mortgage originations in Cave Junction, OR, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Cave Junction, OR. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 115 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Cave Junction, OR
Cave Junction, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 72 |
Total Units Section 8 | 72 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 79.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $600 | $1,010 |
| 2 Bedroom | -$170 | $1,500 | $1,330 |
| 3 Bedroom | N/A | N/A | $1,860 |
| 4 Bedroom | N/A | N/A | $1,930 |
Affordability — Cave Junction, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $293,000 |
| Median Household Income | $46,000 |